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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of May 2019 about 3% of the total condo market is up for sale (roughly 340 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in summer of this year. The next new condo building will be completed some time after 2022, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Look at the Square Footage on this Updated 2 Story ICON Beauty High Ceilings on Both Floors,Fresh Paint,Laminate Flooring,Concrete Staircase,Granite Kitchen w/KitchenAid ...
- 1 Beds
- 2 Baths
- 190047282 MLS
- Icon Bldg.
- ACTIVE Status
None
- 1 Beds
- 1 Baths
- 190047195 MLS
- Marina Park Bldg.
- ACTIVE Status
CITYFRONT TERRACE, Unit 402 is the largest single level floor plan found in the tower, original 3BR/3BA layout, sweeping 180+ degree city views. 2 of the bedrooms are loc...
- 3 Beds
- 3 Baths
- 190047158 MLS
- Cityfront Terrace Bldg.
- ACTIVE Status
Contemporary vibes flow throughout this beautifully upgraded Northeast corner residence on the 18th floor of Renaissance. Enjoy hardwood floors, upgraded lighting, motori...
- 2 Beds
- 3 Baths
- 190047013 MLS
- Renaissance Bldg.
- ACTIVE Status
PENTHOUSE CONDO located in the heart of the Gaslamp with amazing 11th floor views of downtown. This condo has 10 foot ceilings, Hunter Douglass electronic blackout living...
- 1 Beds
- 1 Baths
- 190047003 MLS
- Trellis Bldg.
- ACTIVE Status
Enjoy stunning views from this SOUTHWEST facing 2 Bed Den 2 Bath 2 Patios with 180 degree views of the Bay and waterfront park, a perfect location to enjoy all that Downt...
- 2 Beds
- 2 Baths
- 190046948 MLS
- Bayside Bldg.
- ACTIVE Status
Location, Location, Location! Beautiful 2 bedroom, 2 bath condo in the heart of Marina District. Just a block away from Old Police Headquarters, Seaport Village & Convent...
- 2 Beds
- 2 Baths
- 190046918 MLS
- Columbia Place Bldg.
- ACTIVE Status
PENTHOUSE LIVING in The Famous Gaslamp District! City Views from LivRm & Bdrm! New laminate floors, granite counters, SS appliances, washer/dryer, AC, walk-in closet. Com...
- 1 Beds
- 1 Baths
- 190046892 MLS
- Gaslamp City Square Bldg.
- ACTIVE Status
Completely remodeled with $100k in upgrades. Lightly used 2nd home ninth-floor unit with fabulous views to Balboa Park. Dual, split master suites with custom walk-in clos...
- 2 Beds
- 2 Baths
- 190046810 MLS
- Discovery Bldg.
- ACTIVE Status
Walk right up to this large one bedroom corner unit. No stairs or elevator! Enter through your own private/secure hallway. Unit is very private as well with only one part...
- 1 Beds
- 1 Baths
- 190046720 MLS
- 235 On Market Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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